Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) Short Interest Update

Key Points

• Kawasaki Heavy Industries Ltd. experienced a 58.8% decrease in short interest in August, dropping from 8,000 shares to 3,300 shares.
• The company reported $0.07 earnings per share for the quarter, falling short of analysts' expectations of $0.33.
• CLSA upgraded Kawasaki Heavy Industries to a "hold" rating, with the stock currently averaging a "Buy" rating from analysts.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 3,300 shares, adecreaseof58.8% from the July 31st total of 8,000 shares. Based on an average daily trading volume, of 111,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 111,900 shares, the days-to-cover ratio is presently 0.0 days.

Kawasaki Heavy Industries Trading Down 1.4%

OTCMKTS:KWHIY traded down $0.35 on Tuesday, reaching $24.60. The company's stock had a trading volume of 38,210 shares, compared to its average volume of 34,003. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 20.33 and a beta of 0.88. Kawasaki Heavy Industries has a 12-month low of $11.73 and a 12-month high of $33.73. The stock has a 50 day moving average price of $27.64 and a 200 day moving average price of $25.76.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.26). The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $460 billion. Kawasaki Heavy Industries had a return on equity of 10.50% and a net margin of 3.49%.

Wall Street Analyst Weigh In

Separately, CLSA upgraded Kawasaki Heavy Industries to a "hold" rating in a research note on Thursday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.